We would like to reminde small businesses of three things to remember as 30 June 2023 approaches:
Small business boosts now available – a "bonus" 20% tax deduction for eligible expens...Read MoreRead More
The increased fees will apply from 1 July 2023 to 30 June 2024.
Company Registration
– Registering a company name will increase to $576
Company Name Reservation
...Read MoreRead More
The 2023-24 SA Budget was delivered on 15 June 2023 and, in terms of tax-related measures, focusses on first home buyers – with the keynote item being the targeted abolition of stamp du...Read MoreRead More
The ATO has advised that foreign investors and their representatives will soon use a new online service to manage a range of registration obligations and other transactions relating to Au...Read MoreRead More
The benchmark interest rate for Div 7A purposes is expected to be 8.27% for the 2023-24 income year (up from 4.77% for 2022-23). This is the "Indicator Lending Rates - Bank variable housing...Read MoreRead More
Single Touch Payroll (STP) finalisation: you need to finalise your employees' STP data by 14 July, as they use this information to complete their tax return. If you have any closely held...Read MoreRead More
The ATO reminds agents with clients who earn income by providing taxi travel (including ride-sourcing) or short-term accommodation, to make sure they are aware of their new tax obligations....Read MoreRead More
The Victorian Budget was handed down on 22 May. The main tax change evolves around ‘The COVID Debt Repayment Plan’, which includes:
From 1 July 2023, large businesses with national p...Read MoreRead More
The ATO has issued a media release setting out the luxury car tax ("LCT") thresholds for the 2023-24 income year. There are two thresholds, ie for:
fuel efficient vehicles – $89,332 ...Read MoreRead More
The Government has updated the repayment incomes and repayment rates for the Higher Education Loan Program (HELP) for the 2023-24 income year. The minimum repayment income for the 2023-24...Read MoreRead More
